What’s Hot About this Property?
Without question, this property is a fantastic deal! You can buy a semi-detached townhouse (with land ownership) for cheaper than the average price of just the land alone! The price per m2 of this property is ¥463,651/m2 where the average land for sale in this area is ¥665,500/m2. Toritsu-daigaku is also a great location in Meguro ward – one of Tokyo’s most popular residential areas.
The Townhouses
These expat-style townhouses have 168.23m2 of space (including the garage). The 1st floor has a one-car garage and a 21m2 room. The 2nd floor has a separate dining – kitchen and a spacious livingroom. The 3rd floor has 3 bedrooms and a bathroom. There are 3 units available to choose from.
Details
- ¥78,000,000~¥79,800,000
- 168.23m2 (50.88 Tsubo)
- 4 bedrooms
- Built in 1987
- reinforced concrete structure
- managment fee ¥10,000/month
- restoration fee ¥10,000/month
- facing west on a 5.5m road to the front
- Address – Kakinokizaka 2 chome, Meguro-Ku, Tokyo
Financing Scenarios
In terms of financing there are several scenarios depending on your situation. Basically, if the purchase price is ¥75,000,000, (these townhouses are somewhat negotiable), with a 20% down payment and
borrow 80% the mortgage would be ¥60,000,000.
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Bank Loan Scenario A (people who do not live in Japan, have a Japanese spouse or permanent residency)
- ¥60,000,000 mortgage extended over 25 years with a floating interest rate of 2.3%
- monthly mortgage payment would be around ¥315,000
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Bank Loan Scenario B (Japanese or foreigners who have a Japanese spouse or permanent residency)
- ¥60,000,000 mortgage extended over 35 years with a floating interest rate of 1.48%
- monthly mortgage payment would be around ¥184,000
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Note:
- With Bank Loan Scenario A the principle would remain the same from start to finish
- With Bank Loan Scenario B ( Japanese banks) you will pay more interest and a smaller principle at first but this will reverse itself as time progresses
- The floating interest rate has only changed about 0.1% over the past 10 years. (from Mizuho Bank)
- These interest rates are a guideline and are subject to change
Location – Access
Kakinokizaka is one of the best residetial areas to live. It is an upscale area with lots of nice houses. These townhouses are located a 12 minute walk from Toritsu-daigaku station is on the Tokyu-Toyoko Line which is a main trianline servicing the western residential areas of Tokyo. It offers easy access to the central business districts of Ebisu, Kamiyacho, Roppongi & Otemachi. It is about a 13 minute train-ride (5 stops) from Hiroo station and 1 stop to the Jiyugaoka shopping area to the south-west.
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Amenities
- 10 – 15 min walk to the Komazawa Olympic park
- 5 – 10 min drive to Seisen International school
- 10 – 15 min drive to St Mary’s International school
View Parador do Kakinokizaka Townhouses in a larger map